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Exercise 17-5 Determination of income effects from common-size and trend percents LO P1, P2 Common-size and trend percents for Rustynail Company's sales, cost of goods

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Exercise 17-5 Determination of income effects from common-size and trend percents LO P1, P2 Common-size and trend percents for Rustynail Company's sales, cost of goods sold, and expenses follow Common-Size Percents 2016 100 " 0% 100 . 0% 100 . 0% 60.9 13.7 Trend Percents 2017 2016 103. 8% 102. 6% 100. 0% 116.1 110.8 100.0 105.3 100.4100.0 2017 2015 2015 Sales Cost of goods sold Operating expenses 63.1 14.2 56.4 14.0 Determine the net income for the following years. (Enter all amounts as positive values.) 2017 2016 2015 Sales Cost of Goods Sold OperatingExpenses Net Income $ 100,000 56,400 14,000 29,600 Did the net income increase, decrease, or remain unchanged in this three-year period? O Net income increased ORemained unchanged O Net income decreased

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